383-385 Ocean Parkway, NY
Prime Residential Development Opportunity / In-Place Cash Flow
Overview
Key Highlights
- Price $4,750,000
- Zoning R7A
- Lot Dimensions 40' x 150'
- Buildable Sq. Ft. 24,000
Investment Highlights
• Currently two 3-family homes providing stable cash flow. All leases expire in December 2024
• 24,000 BSF (as-of-right)
• Located in prime residential neighborhood of Kensington on Ocean Parkway between Avenue C and Cortelyou Road
• Surrounded by an abundance of private and public schools and medical facilities
• Close proximity to variety of retail businesses including restaurants/bars, coffee shops, banks, etc.
• One mile from Prospect Park & Kings Theatre
• Walking distance to the F train at both Ditmas and Church Avenue subway stations and the Q train at the Beverly Road station
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